Property

Metro Manila's office market entered a wait-and-see phase in the first half of 2026 as companies delayed leasing decisions to reassess how artificial intelligence will reshape their workplace needs, although demand continued to favor premium office buildings in prime business districts.

International Workplace Group, or IWG – the world’s largest workspace platform behind brands like Regus and Spaces – will open five new locations nationwide this year, including its first Humanly center in the country.

MREIT Inc., the real estate investment trust backed by Megaworld Corp., posted a robust first-half performance as recent acquisitions, higher occupancy, and tighter cost controls combined to lift earnings and support bigger shareholder payouts despite a challenging operating environment.

At least five major office developments, including projects of Ayala Land Inc. and companies under the Yuchengco Group, are set to move closer to securing PEZA incentives after the government lifted the seven-year moratorium on new Information Technology (IT) Parks and IT Centers in Metro Manila.

The Philippines’ biggest property developers are placing greater emphasis on malls as retail continues to outperform other real estate segments, supported by resilient consumer spending and the appeal of stable recurring rental income.